Ukraine will receive $432 million from the World Bank to restore its transportation infrastructure. The agreement under the DRIVE project was signed today in Kyiv between the Ministry of Communities and Territories Development of Ukraine and the World Bank.
This was announced by the Prime Minister of Ukraine Denys Shmyhal.
The project envisages major repairs of roads and bridges in 19 regions, reform of national highways, installation of modular bridges, and technical assistance. The project will be implemented by the State Agency for the Restoration and Development of Infrastructure of Ukraine.
The Building Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE) project received approval from the World Bank’s Board of Directors late last month. Funding for the project includes $212 million from the IBRD, with support from the Government of Japan, and $10 million from the Trust Fund to Support, Recover and Reform Ukraine.